Illinois Investment Policy Board
Board and Commission Details
Website
Contact Name
Peter Friedman and Jeffrey Butcher, Elrod Friedman LLP
Contact Title
Executive Secretary and Legal Counsel
Contact E-Mail
friedmanp@illinoisipb.com; butcherj@illinoisipb.com;
Contact Comments
FOIA requests – foia@illinoisipb.com
Function
The Illinois Investment Policy Board identifies and maintains a list of restricted companies in which Illinois public retirement systems are prohibited from investing in under the Illinois Pension Code. Restricted companies include companies that boycott Israel, Iran-restricted companies, expatriated entities, for-profit companies that contract to shelter migrant children, and companies domiciled in or subject to sanctions relating to Russia and Belarus. The Board reviews and updates this restricted list on a quarterly basis, using publicly available information and independent research firms, and distributes it to all affected retirement systems.
Term
The terms of office of members appointed by the Governor after June 30, 2022 shall be as follows: 2 initial members shall be appointed for terms of 2 years, and 2 initial members shall be appointed for terms of 4 years. Thereafter, the members appointed by the Governor shall hold office for 4 years, except that any member chosen to fill a vacancy occurring otherwise than by expiration of a term shall be appointed only for the unexpired term of the member whom he or she shall succeed. Board members may be reappointed. The Governor may remove a Governor's appointee to the Board for incompetence, neglect of duty, malfeasance, or inability to serve
Senate Confirmation
No
Composition
7 7 members. 4 appointed by the Governor. 3 appointed, one by each board of a pension fund or investment board created under Article 15, 16, or 22A of the Illinois Pension Code
Chair
The Governor shall designate one member of the Board as Chairperson
Authority
40 ILCS 5/1-110.16
Member Names
| Name | Member Expiration | Member Since | Affiliation | Appointed By | Position | Title | County |
|---|---|---|---|---|---|---|---|
| Mathias, Sidney | 06/30/2028 | 11/04/2022 | Governor | Member, Chair | Lake | ||
| Bronner, Gila J. | 06/30/2030 | 11/04/2022 | Governor | Member | |||
| VACANT | Governor | Member | |||||
| Hamos, Julie | 06/30/2030 | 11/04/2022 | Governor | Member | |||
| Rupnik, Stan | Teachers' Retirement System | Member | |||||
| Schlachter, Michael | 12/08/2023 | State Universities' Retirement System | Member | ||||
| Mehta, Dipesh | Illinois State Board of Investment | Member |